Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Muzinich launches global credit absolute return fund

Muzinich launches global credit absolute return fund

New York-based credit investment specialist Muzinich & Co. has launched a new fund looking to tap the most attractive global credit opportunities across all market cycles.

The Muzinich & Co. Global Tactical Credit fund is Dublin-domiciled and will be run by Mike McEachern.

Citywire previously reported plans to bring the absolute return strategy to European investors having launched it in a US-only format at the beginning of 2013.

In the Ucits-compliant version, McEachern will apply a bottom-up process to locate the best investment opportunities across investment grade, high yield corporate bonds and corporate loans.

It is designed to assess relative value across rating, duration and geographic spectrums.

In addition, McEachern may use portfolio hedging techniques to help reduce short-term volatility during periods of rising interest rates or spread widening.  

Commenting on the launch, McEachern said: 'The prospect of rising interest rates has prompted demand for nimble, multi-asset fixed income strategies as a complement to more traditional investments.’

‘We can do this by moving in and out of global credit sectors, as well as up and down the credit quality and duration spectrum, as different fixed income assets move in and out of favour.’

The fund targets a return of Libor plus 5-7% and seeks to protect capital in weak or falling markets. It is available in sterling, dollar and euro share classes.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Sam Vecht: the best opportunities in frontier markets

Sam Vecht: the best opportunities in frontier markets

Blackrock's Vecht evaluates frontier markets and explains where he sees the opportunities

Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter